EUR/USD
Trend Theme：EUR/USD consolidates around 1.0700, just above one-and-a-half-month low touched on Friday.
Trend Review：EUR/USD struggles to build on Friday’s bounce from its lowest level since early May. Political uncertainty in Europe continues to undermine the Euro and cap the upside. The Fed’s hawkish outlook acts as a tailwind for the USD and favors bearish traders.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.07038 * | 1.07094 ** | 1.07094 *** |
| 1.0702 | Support* | 1.07001 * | 1.06983 ** | 1.06946 *** |
Weekly forecast：
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USD/JPY
Trend Theme：USD/JPY extends upside near 157.50 as BoJ remains cautious on policy.
Trend Review：The USD/JPY pair extends the rally near 157.50 during the early Asian session on Monday. The hawkish stance from the US Federal Reserve provides some support to the pair. Meanwhile, the Japanese Yen loses ground as the Bank of Japan decided to keep its interest rate at 0% at the conclusion of its June policy meeting on Friday.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 157.453 * | 157.493 ** | 157.572 *** |
| 157.414 | Support* | 157.374 * | 157.335 ** | 157.256 *** |
Weekly forecast：
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WTI
Trend Theme：Consumer confidence index drags down oil prices, and multiple strong resistances on the technical side.
Trend Review：Oil futures closed slightly lower on Friday after a survey showed deteriorating U.S. consumer confidence, but oil prices rose 4% on a weekly basis as investors assessed solid forecasts for crude and fuel demand in 2024. At the daily level, although oil prices continued to rebound last week, they fell back after being suppressed near the double resistance of the 100-day moving average and the 200-day moving average. Oil prices were also suppressed by the resistance of the downward trend line.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 77.893 * | 78.009 ** | 78.305 *** |
| 77.826 | Support* | 77.711 * | 77.606 ** | 77.386 *** |
Weekly forecast：
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XAU/USD
Trend Theme：Gold attracts some sellers below $2,350, eyes on Eurozone political concerns.
Trend Review：Gold price trades on a softer note near $2,325 during the early Asian trading hours on Monday. The speculation that US interest rates will stay higher for longer, with the median projection from Federal Reserve officials calling for one interest rate cut this year, has lifted the Greenback broadly.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 2329.79 * | 2332.45 ** | 2338.72 *** |
| 2326.18 | Support* | 2323.52 * | 2319.91 ** | 2313.64 *** |
Weekly forecast：
